It Social Security Administration (SSA) has announced that it plans to fully recover all over -paid to beneficiaries. The SSA previously abandoned last year’s policy after public outrage due to beneficiaries who lose monthly payments. However, the agency has restored politics to recover paid benefits.
“People who pay after March 27 will automatically be fully recovered at a rate of 100% of Social Security payment,” the SSA said in a statement, as Wftv.
However, the retention rate for overpayments issued before March 27 is 10%, announced the SSA. The safety income rate (SSI) is also 10%.
A recent WFTV investigation revealed that over -paid payments were largely caused by government accounting errors. According to another report from the SSA Inspector, about 73,000 payments exceeded 2022 It came from the lack of “effective controls on the accuracy of the profile computing”.
The SSA faced a massive reaction last year when the beneficiaries received invoices that required a reimbursement of funds paid within 30 days, CBS News reported. Some recipients said they received bills for thousands of dollars. The agency then warned that the beneficiaries could lose all social security payment if they failed to pay the amount due.
According to NewsweekThe SSA plans to save about $ 7 billion over the next decade as it occurs over overpayments. SSA’s acting commissioner Lee Dudek said that it is the “duty of the agency to restore the payment reimbursement policy for full retention”.
“We have a significant responsibility to be good administrators of trust funds for the North -American people,” Dudek said in the last statement of the agency, by CBS News.
At least 70 million people, including retirees and beneficiaries with disabilities, are based on social security benefits.
